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Visa names Emirates NBD as NNSS agent in the UAE, enabling local settlement of domestic Visa card transactions in dirhams.
Visa has appointed Emirates NBD as its National Net Settlement Service agent in the UAE.
KEY POINTS
- Domestic Visa card transactions in the UAE will now be settled locally in dirhams.
- Local settlement is expected to reduce reliance on international systems and improve payment resilience.
- The NNSS framework allows UAE banks to automate and optimize local settlement obligations.
COMPANIES
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